Splunk revenue software#
Steele said in an interview that he sees an “ever increasing role” for Splunk’s software as the businesses become more digital-and driven by data. In August, Proofpoint, a cybersecurity software company, was acquired by private-equity firm Thoma Bravo for $12.3 billion in cash. (CSCO) had offered to buy Splunk for more than $20 billion, but that the talks weren’t active. Last month, Splunk shares spiked following a Wall Street Journal report saying that Some investors have become impatient with the company’s progress. Splunk, which provides cybersecurity and “observability” software used to monitor IT system performance, has been making a messy business-model transition, pushing customers to adopt cloud-based versions of its software.
The company also said that President and Chief Growth Officer Teresa Carlson is stepping down to pursue other career opportunities. Splunk sees full-year revenue of between $3.25 billion and $3.3 billion, ahead of the old Wall Street consensus at $3 billion. Splunk stock has gained 7.9% on Thursday after trading roughly flat in late trading Wednesday.įor the fiscal first-quarter ending April 30, Splunk sees revenue of $615 million to $635 million, above consensus at $610 million. Non-GAAP earnings were 66 cents a share, ahead of the Wall Street forecast for a loss of 19 cents. That’s above the company’s previous guidance range of $740 million to $790 million and the Wall Street consensus of $776 million. Splunk also posted better-than-expected results for its fiscal fourth quarter ended Jan. He will be a member of the board, while Smith will remain chairman. Steele officially takes over as CEO on April 11.
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